Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Down 68.3% in May

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 14,271 shares, a decrease of 68.3% from the May 14th total of 45,078 shares. Based on an average trading volume of 46,597 shares, the short-interest ratio is presently 0.3 days. Approximately 3.3% of the company’s stock are sold short.

Twin Vee PowerCats Stock Performance

Shares of Twin Vee PowerCats stock traded down $0.36 during midday trading on Thursday, hitting $6.38. The company had a trading volume of 24,333 shares, compared to its average volume of 179,866. The stock has a market capitalization of $3.38 million, a P/E ratio of -0.05 and a beta of 1.05. The company has a 50 day moving average of $7.35 and a 200 day moving average of $34.22. Twin Vee PowerCats has a 52-week low of $5.00 and a 52-week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The company had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VEEE. Weiss Ratings raised Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Twin Vee PowerCats

Several institutional investors have recently added to or reduced their stakes in VEEE. Everstar Asset Management LLC purchased a new stake in Twin Vee PowerCats during the 1st quarter valued at $64,000. Two Sigma Investments LP purchased a new stake in Twin Vee PowerCats during the 3rd quarter valued at $67,000. Finally, Keebeck Wealth Management purchased a new stake in Twin Vee PowerCats during the 1st quarter valued at $103,000. 15.57% of the stock is currently owned by hedge funds and other institutional investors.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.